Accountancy, asked by attarimubashir325, 1 month ago

what relationship exist between the position bof an account on the balance sheet and the rules for recording increase in the account

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Answered by Anonymous
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Answered by jainhemlata8
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The accounting equation is one of the most fundamental accounting principles that explains the notion behind why a trial balance always balances to $0. The accounting equation shows that the total assets will always equal the sum of liabilities and equity.

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